The surplus of unrefined sunflower oil paralyzed the work of 50% of factories in Kazakhstan

Published Jan 17, 2022

Tridge summary

The article provides an overview of the oilseed market in Kazakhstan, highlighting the challenges and developments faced by the sector. Yadykar Ibragimov, Chairman of the National Association of Oilseeds Processors, discusses the impact of the country's political unrest on market dynamics and pricing. He notes that while the situation has not significantly affected oilseed pricing, it has led to a decrease in market activity and increased uncertainty. Ibragimov points out the main factors influencing pricing, such as government export orders, limited domestic demand, and quarantine restrictions in the EU. Additionally, the article addresses the concerns surrounding the suspension of oil refineries and the restrictions on the export of sunflower oil and sunflower seeds, highlighting the potential economic impact on agricultural producers and employees.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

National Association of Oilseeds Processors The oilseed segment is one of the key segments for the agricultural market of Kazakhstan. Today, it is in the focus of attention against the background of both the trading trends of this market and the generally tense situation in the country. Yadykar Ibragimov, Chairman of the Association of Legal Entities "National Association of Oilseeds Processors" told APK-Inform about pricing in the oilseed market, export restrictions on sunflower and sunflower oil, as well as what difficulties local processors had to face and how to adapt to dynamic market changes. ". - Yadykar, I propose to start with the most "hot" issue. How did the difficult political situation and the introduction of the state of emergency in Kazakhstan affect pricing in the oilseeds segment and did they influence it? What difficulties did the market participants face? What are the main factors affecting prices at the moment? - Currently, we can say that the globally noted ...

Source: Oilworld